In This Issue:
The best smart home gadgets for 2016
Ever find yourself thinking, "if I could find the right product, I bet I could lower my electric bill a lot each month", or how about, "wouldn't it be nice if I could just press a button to do that?". Well, welcome to the 21st century folks -- where the smart home gadgets are no longer a vision of the future. They are, in fact, quite in demand and can make your life SO much easier! This is a great list of the top products from the reviewing site, Tom's Guide. There are some great reviews in here on all sorts of gadgets like thermostats, garage door openers, speakers, locks, monitors and more
Social media do's and don'ts for new home owners
On those super chilly Colorado Buying a home can sometimes be a bit of a tedious process. You have to look at lots of homes online, then in person, weigh the pro's and con's before you finally settle on THE ONE. Then, as luck would have it, everything goes through and you soon find yourself the new owner of a fabulous home! What's the first think you can't wait to do? Tell everyone you know about it on social media, of course. Well, maybe it's not the first thing but it's definitely in the top five. While that can be a great idea, there are some tips and guidelines you want to make sure that you follow in you post-closing excitement. For example, you don't want to post a picture of your new home that shows your address. Even if you only share it out with trusted friends, social media can still be a very hot target for criminals to use. That, along with these other great tips
from Apartment Therapy are a must read if buying a home and moving are in your near future!
Northern Colorado Economic Snapshot
Units Listed - Single Family & Attached Dwelling
YTD* Units Sold - Single Family & Attached Dwelling
Source: Ires, LLC | *YTD represents through the month of December
The slate’s wiped clean and the way is fresh with hope. It’s a New Year and anything is possible, including you! Finally owning your own home — if that has been your earnest desire!
Starting right here and now, resolve to give chase and catch what you truly crave. You’ll be well on your way to realizing your real estate goals this year.
This real estate climate is like the perfect storm for those looking to buy or sell a home. The one-quarter percent interest rate hike is the first one in almost 9 years, but will have little to no effect on mortgage interest rates. Thankfully those rates remain under five percent so your cash still enjoys greater buying power. Home prices have climbed the hill and gone over the top, restoring equity and gaining in the recovery process.
If you’ve been watching the market, you already are aware of how closely inventory levels resemble that almost too tight to wear favorite pair of jeans. Not quite tight enough to be discouraging and there’s hope things will loosen up soon enough.
Forecasts moving into 2016 are all pretty encouraging. New construction has taken a decidedly positive stride forward. The American Institute of Architects has drafted some very positive blueprints looking ahead. Their recent survey reveals people are leaning heavily toward eco-friendly homes, with an emphasis on organic building materials over synthetic ones. You might think the Smart Home trend would dominate the list of features most desired, but the survey did not support that theory. Most surprising is that young people are most likely to forego these upgrades, mainly because of the cost involved.
Better storm proofing methods was high up on the “want” list; as were homes built with an eye to accommodate its occupants as they age being another big one on the list. Even so, energy efficiency remains the most desirable feature in new homes and home renovations.
In addition to the efficiency considerations for HVAC fixtures and appliances, there has been renewed interest in beneficial alternative energy sources specifically for when utility outages occur. Things like wood burning capabilities and built-in backup generators top this list.
As we look ahead at what the experts tell us we can expect from our real estate markets moving into 2016, we must note that 2015 finished with healthy numbers, reflecting mainly the usual holiday and winter slowdowns.
741 homes around Northern Colorado sold in December and the annual sales total of 8,451 gives a clear sense of a steadily growing, healthy real estate market. The 70 average days on market we’ve experienced this year is almost a week less than the 76 last year.
An average median sales price of $245,708 — which includes single family and condo units — is a nice jump from the 2014 average median sales price in December of $227,105. Active listings for the month were at 1,239, quite a bit above the 1,096 this same time period in 2014.